“It’s A Problem That’s Not Going To Go Away” – Eric Sprott

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Eric Sprott discuss the global economy, the stress in emerging markets and the latest on precious metals

Eric Sprott interviewed by Craig Hemke on The Weekly Wrap-Up

August 10,2018

It’s been another week of “strange things happening in the world,” but Eric is back again to reassure us that precious metals are hanging in there. This week on the wrap-up, you’ll hear:

  • The most important development from a gold perspective
  • Which mining region could provide a very large payoff
  • Why “the corner” is within sight

“You know the debts don’t go away, right? They don’t go away, they have to be paid. The cost of debt is going up, because of interest rates rising… So it just puts a greater, greater strain on all forms of GDP, because a greater part of your GDP has to go to debt repayment… We’ve always speculated, ‘When’s it finally going to have an impact on stock valuations?’ And it hasn’t yet in North America, for sure. I would suspect it’s kind of had some impact—obviously—in places like China and European Equities and other Asian equities. So I think it’s probably likely to have an impact here in North America as well.”

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See also  Sorry people, this is going to be the worst global recession of our lives. The USD is the only truly safe haven asset for mid to long term.

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